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JM
Mutual plans income scheme
Mumbai: JM Mutual Fund has worked out an open-ended
scheme aimed at providing regular income, including monthly
income. However, unlike some of its peers, the scheme
will not be branded MIP (monthly income plan).
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Bear
domination
Mumbai: Bears gained control of Monday's trading
activity. Bulls were unable to make any impact during
the day's trading. Monday's market action resulted in
increasing the bear count by a considerable margin.
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Volumes
soar in Union Bank
Mumbai: Union Bank of India yesterday witnessed
hectic activity. The stock gained 10 .47 per cent on the
BSE with 87.48 lakh shares changing hands.
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Renewed
interest seen in Dabur
Mumbai: The Dabur India stock yesterday saw a surge
in volumes coupled with price increase on the BSE and
the NSE. According to brokers and analysts, the stock
also witnessed several block deals, reportedly executed
between a foreign fund and an insurance major.
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Dividend
talk drills action in ONGC
Mumbai: Talk of dividend payout has been propelling
market interest in the ONGC stock.Brokers said that expectations
are running high with the company's board scheduled to
meet on January 31.
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FII
selling in Hero Honda continues
Mumbai: Despite good financial performance, Hero
Honda has been witnessing increased selling pressure from
a leading FII. Dealers said an US-based FII, having large
holding in Hero Honda, has been continually selling the
shares.
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Ketan
Parekh in Kolkata police custody
Kolkata: Nearly six months after it started working
on the multi-crore scam on the Calcutta Stock Exchange,
the Kolkata Police has managed for the first time to get
stockbroker Ketan Parekh in its custody.
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Rupee
slips; gilts decline
Mumbai: The rupee ended on Monday at 47.9450/9500
against the dollar as compared to its earlier close of
47.9300/9350 in the forex market
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